Donations for charitable causes are a laudable act. In India, such donations may be eligible for tax benefits under Section 80G of the Income Tax Act, 1961. This clause establishes guidelines regarding claiming this deduction. To facilitate that your donations are eligible for tax benefits under Section 80G, it is essential to verify the status of
Securing tax benefits while contributing to worthy causes is a win-win situation. Under India's Income Tax Act, donations made to registered charitable organizations under Section 80G can potentially lower your tax liability. These generous contributions offer significant financial incentives for individuals who wish to support social development.
Forbes Advisor adheres to demanding editorial integrity standards. To the best of our expertise, all written content is exact as of the date posted, although offers contained herein may no longer be accessible. These posthumous donations can decrease estate and inheritance taxes on your heirs and don’t count towards the lifetime estate and prese